The dollar jumped ahead of US Midterm elections. Greenback’s gains were limited as traders were cautious about the US midterm elections and any fallout for the world’s largest economy.
Category: Features
As sanctions on Iran were re-introduced, oil prices recovered some ground on Monday after five days of heavy losses. The United States imposed a range of punitive sanctions on Iran, aiming to curb exports by the Islamic Republic.
The trade war saga has no end. The U.S. and Chinese President expressed optimism about resolving their trade dispute ahead of G20 meeting at the end of November.
Pound bounced on Thursday on reports that London is close to sealing a financial services deal with Brussels. Further, the Bank of England signaled slightly faster future interest rate rises if Brexit goes smoothly.
The dollar soars as it climbed to its highest levels since June 2017 on Wednesday. Dovish comments by the BoJ and its decision to keep the monetary policy steady and weak Eurozone growth figures weighed. Further, weak data from China strengthened the greenback and attracted Forex traders.